Oil prices slump, gold rallies amid uncertainty over Brexit vote

Baku, June 24, AZERTAC

Prices of oil moved sharply in Asian trade as market sentiment swayed and the Brexit vote count veered between remain and leave in the lead, but appeared to show momentum going toward the leave camp.

Crude oil futures fell sharply, reversing overnight gains, and after U.S. crude held steady in earlier after-hours trading.

Benchmark light, sweet crude oil on the New York Mercantile Exchange was recently down 6.6 percent at $46.81 a barrel, after settling 2 percent higher in the U.S. session, while Brent crude oil prices were 6.5 percent lower at $47.60 a barrel, after settling 2 .1 percent higher at $50.91 a barrel.

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